Citigroup has hired at least 10 senior investment bankers from JPMorgan Chase, according to the Financial Times. The recruits have been tapped by Vis Raghavan, who became Citi’s head of banking in June 2024 after a long career at JPMorgan. The wave of defections underscores an escalating talent battle on Wall Street as Citi Chief Executive Officer Jane Fraser overhauls the investment-banking division. Raghavan is reshaping the unit by bringing in former colleagues to strengthen coverage in key sectors and regions.